StockNews.com Upgrades Bel Fuse (NASDAQ:BELFB) to Buy

Bel Fuse (NASDAQ:BELFB) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

BELFB has been the subject of several other reports. Needham & Company LLC reduced their target price on Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Northland Securities downgraded Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 target price for the company. in a research note on Thursday, May 2nd.

Bel Fuse Stock Performance

BELFB stock opened at $65.44 on Tuesday. The stock has a 50-day moving average price of $63.14 and a 200-day moving average price of $62.48. Bel Fuse has a 1-year low of $39.13 and a 1-year high of $74.75. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17. The firm has a market cap of $825.85 million, a PE ratio of 11.02 and a beta of 1.39.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Thursday, April 25th. The electronics maker reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.22. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. The firm had revenue of $128.09 million during the quarter, compared to analyst estimates of $128.47 million. As a group, equities research analysts expect that Bel Fuse will post 4.39 earnings per share for the current year.

Institutional Investors Weigh In On Bel Fuse

A number of hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its holdings in shares of Bel Fuse by 4.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,700 shares of the electronics maker’s stock worth $314,000 after purchasing an additional 200 shares during the period. Covestor Ltd raised its holdings in Bel Fuse by 26.5% during the 3rd quarter. Covestor Ltd now owns 1,012 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 212 shares during the period. Comerica Bank raised its holdings in Bel Fuse by 223.7% during the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after acquiring an additional 510 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in Bel Fuse by 1.1% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 55,464 shares of the electronics maker’s stock valued at $3,693,000 after acquiring an additional 619 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in Bel Fuse by 373.5% during the 1st quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker’s stock valued at $57,000 after acquiring an additional 747 shares during the period. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.